Maryland Heights, MO, January 20, 2017 --(PR.com
)-- The global life sciences business process outsourcing market is estimated to reach USD 210 Billion in 2020, growing at a CAGR of 9.2% from 2016 to 2020, due to drug patent expirations worldwide. Active Pharmaceutical Ingredients manufacturing, research and development, clinical data management, pharmacovigilance, medical writing, and regulatory services are the key elements driving the business process outsourcing market. Asia Pacific region has been the most attractive destination for life sciences business process outsourcing.
Major pharmaceutical companies are establishing long term partnership with the CROs and CMOs to share the costs involved in drug discovery to post marketing approvals, leveraging the expertise, GMP approved facilities, advanced technologies, and trained staff available with the CROs and CMOs. Strategic Outsourcing has become an industry norm and offers a wide range of services from screening and lead identification to toxicology, pre-clinical studies, clinical trials, manufacturing and marketing. Contract research and contract manufacturing organizations help pharmaceuticals and companies develop their operations through drug discovery to product manufacturing advanced operating models that leverage technology and analytics to enable smart business processes.
Browse Life Sciences Business Process Outsourcing Market by Service Type (Pharmaceutical Contract Research and Manufacturing Operations – Drug Discovery, Clinical Trials Management, Regulatory Filing Services, API and FDF Manufacturing, Sales and Marketing of Final Products) 2016-2020 at https://www.ihealthcareanalyst.com/report/life-sciences-business-process-outsourcing-market/.
The global life sciences business process outsourcing market report estimates the market size (Revenue USD million - 2013 to 2020) and composition of this market based on service type (pharmaceutical contract research and manufacturing operations such as drug discovery, clinical trials management, regulatory filing services, API and FDF manufacturing, to sales and marketing of final products), and forecasts growth trends (CAGR% - 2016 to 2020). The global life sciences business process outsourcing market research report is divided by geography (regional and country based) into North America (U.S., Canada), Latin America (Brazil, Mexico, Rest of LA), Europe (U.K., Germany, France, Italy, Spain, Rest of EU), Asia Pacific (Japan, China, India, Rest of APAC), and Rest of the World. The global life sciences business process outsourcing market report also provides the detailed market landscape (market drivers, restraints, opportunities), market attractiveness analysis and profiles of major competitors in the global market including company overview, financial snapshot, key products, technologies and services offered, and recent developments.
Major players operating in the global life sciences business process outsourcing market and included in this report are Catalent Pharma Solutions, Inc., PRA International Inc., Covance Inc., Cognizant Technology Solutions, Quintiles Transnational Corporation, Parexel International Corporation, DSM, Charles River Laboratories, Piramal Healthcare and Boehringer Ingelheim GmbH.
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